The TJX Companies, Inc. (NYSE:TJX) Stock Holdings Increased by Stonegate Investment Group LLC

Stonegate Investment Group LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 429,280 shares of the apparel and home fashions retailer’s stock after acquiring an additional 14,533 shares during the period. TJX Companies accounts for about 1.4% of Stonegate Investment Group LLC’s investment portfolio, making the stock its 28th biggest holding. Stonegate Investment Group LLC’s holdings in TJX Companies were worth $43,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Penobscot Investment Management Company Inc. boosted its stake in TJX Companies by 35.5% in the third quarter. Penobscot Investment Management Company Inc. now owns 73,466 shares of the apparel and home fashions retailer’s stock valued at $6,530,000 after acquiring an additional 19,236 shares during the period. Ferguson Wellman Capital Management Inc. boosted its stake in TJX Companies by 3.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after acquiring an additional 21,767 shares during the period. Savoir Faire Capital Management L.P. acquired a new position in TJX Companies in the third quarter valued at approximately $3,197,000. Gateway Investment Advisers LLC boosted its stake in TJX Companies by 42.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after acquiring an additional 5,737 shares during the period. Finally, Cape Cod Five Cents Savings Bank boosted its stake in TJX Companies by 109.1% in the third quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock valued at $13,239,000 after acquiring an additional 77,711 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX traded down $0.78 during trading on Tuesday, reaching $94.09. The stock had a trading volume of 5,117,005 shares, compared to its average volume of 5,054,806. The firm has a market capitalization of $106.60 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The stock has a 50 day moving average of $97.20 and a two-hundred day moving average of $94.02.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The firm had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.59%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is currently 34.46%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. UBS Group boosted their price objective on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. BMO Capital Markets boosted their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.65.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.